Ontology Weekly Report (April 15–21)

The Ontology Team
OntologyNetwork
Published in
3 min readApr 22, 2020

Over the past week, Ontology has been closely communicating with partners and community members across the world. In this weekly report, you will find the results of our online campaign for the Ontology Russian community, the growth of the Ontology Pakistan community, news of our partnership with the Chamber of Digital Commerce, and updates on Ontology’s nodes. We would also especially like to introduce the newly launched ONT-33D token. ONT-33D is a BEP-2 token launched on Binance Chain backed by ONT at a 1:1 ratio. It is currently listed on Binance DEX.

Find more information below and let’s cherish the last week of this month! (Can’t help to say how time flies.)

Back-end
- Completed 20% of smart contract API optimizations

Product Development
· ONTO
- The online campaign on ONTO for the Bibox Russian community has attracted about 800 active participants

· ont.io
- Newly added members to team page and updated hiring page

dApp
- 62 total live Ontology dApps
- 5,326,273 total transactions, representing an increase of 14,568 transactions

Bounty Program
- The Bounty Program page is under development, will be upgraded soon
- The technical community has been invited to raise up new bounty ideas via https://bounty.ont.io/
- Added one new application for the Technical Documentation Translation and one for the SDKs

Community Growth
- The Ontology Chinese, Sri Lankan, Philippines, and Italian communities have gained 441 new members
- The newly opened Ontology Pakistan Community has gained 166 members
- Our Philippine community 1-year anniversary event is currently ongoing

Newly Released
- The Ontology Foundation released its latest Financial Report, which covers expenditures & assets under management from Dec 2019 to Mar 2020. By Mar 31, the total assets managed by the Foundation were valued at approximately US $258,251,842
- Ontology has officially joined the Chamber of Digital Commerce, the world’s leading trade association, along with leading global organizations including Accenture, Deloitte, IBM, Microsoft, Citi & Cisco to continue global blockchain advocacy and adoption
- OKEx Pool, one of Ontology’s consensus nodes, has launched an ONT staking service
- Binance has added a new token pegged to ONT on Binance Chain, providing a decentralized alternative for trading between ONT and BNB. ONT-33D is a BEP-2 token backed by ONT at a 1:1 ratio. It became available for trading on Binance DEX on April 21, 2020

Global Events
- Ontology has been invited to the 72-hour, non-stop, virtual crypto conference REIMAGINE 2020 by MouseBelt this May 4. Erick Pinos, Ontology’s Americas Ecosystem Lead, will be giving a keynote and a workshop at the event to contribute to blockchain education

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